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  • What We Do
      Project Development / Infrastructure
      Health Care and Phramaceuticals
      Insolvency
      Intellectual Property
      Workplace Harassment
      Wrongful Death
      Civil Settlements
      Business Litigation
      Environmental Litigation
      Construction
      Corporate Advisory
      Real Estate
      Commercial and Corporate Litigation
      Competition
      Telecommunications
      Mediation
      Investment Funds
      Energy
      Mergers and Acquisitions
      Securities
      Transport and Logistics
      Conveyancing
      Contracts
      Employment Law
      Personal Injury
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      Dispute Resolution
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Regulatory Discussions

At Reagan Blankfein Gates Legal Practitioners (RBGLP), we are dedicated to keeping our clients informed about the latest regulatory developments in Zambia. The year 2024 has witnessed significant regulatory changes across various sectors, impacting businesses and individuals alike.

Key Regulatory Updates in 2024

  1. Tax Compliance Enhancements
    • Smart Invoice System: In a move to bolster tax compliance, the Zambia Revenue Authority (ZRA) introduced the Smart Invoice System, mandating its use for all VAT-registered businesses effective July 1, 2024. This electronic invoicing system replaces traditional Electronic Fiscal Devices (EFDs), aiming to enhance revenue integrity and optimize service delivery. A grace period for onboarding was extended until September 30, 2024, with penalties for non-compliance enforced from October 1, 2024.
    • Year-End Tax Deadlines: As the financial year concludes on December 31, 2024, the ZRA has reminded taxpayers to settle all outstanding tax returns and payments. Documents such as Tax Clearance Certificates (TCC), Trading Licences, and Permits expiring on December 31 will become invalid on January 1, 2025. Notably, from 2025, applications for or renewals of trading licenses or permits will require a valid TCC, certifying the absence of tax debt.
  2. Energy Sector Reforms
    • Electricity (Open Access) Regulations, 2024: Enacted on July 19, 2024, these regulations promote non-discriminatory access to Zambia’s electricity transmission and distribution networks. The open access regime is designed to foster competition, attract investment, and enhance efficiency within the energy sector.
    • 2024 Energy Regulation Statutory Instrument (SI): Approved in December 2024, this SI aims to transform Zambia’s energy market by allowing increased private sector participation in electricity generation and distribution. The regulation is expected to lead to better services and lower prices for consumers, contributing to a more competitive and sustainable energy market.
  3. Access to Information (ATI) Law
    • The Access to Information (ATI) law is set to take effect in June 2024. This legislation is anticipated to enhance transparency and accountability by granting citizens the right to access information held by public authorities, thereby strengthening democratic governance.
  4. Mining Sector Legislation
    • Minerals Regulation Commission Bill: Proposed in August 2024, this bill seeks to regulate and monitor the development and management of Zambia’s mineral resources. However, industry bodies have expressed concerns that certain provisions, such as forced state acquisitions of stakes in new ventures and granting unchecked decision-making powers to regulators, could increase investment risks and undermine property rights. Stakeholders are advised to monitor the progress of this bill and assess its potential implications on mining operations.

Implications for Stakeholders

  • Businesses: Entities operating in Zambia must adapt to these regulatory changes by updating compliance strategies, investing in necessary technologies (e.g., Smart Invoice System), and reassessing operational frameworks to align with new legal requirements.
  • Investors: The evolving regulatory landscape presents both opportunities and challenges. Investors should conduct thorough due diligence to understand the implications of these changes on potential and existing investments.
  • General Public: The implementation of laws such as the ATI is poised to empower citizens by enhancing access to information, thereby promoting greater civic engagement and oversight.

RBGLP’s Commitment

At RBGLP, we are dedicated to providing our clients with timely and comprehensive legal advice to navigate these regulatory developments effectively. Our team of experts is equipped to assist with compliance strategies, policy analysis, and representation to ensure that our clients remain informed and compliant in this dynamic regulatory environment.

For personalised legal assistance or more information on these regulatory updates, please contact our team at RBGLP.